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AdvertisementTiger Management and $4 billion hedge fund Hound Partners are in a legal tussle. Tiger, the legendary investment manager founded by the late Julian Robertson, seeded Hound in 2004. Hound saw assets fall from $4.6 billion at the end of 2017 to $1.8 billion at the end of 2022, according to Tiger's suit. "There is no instance of which Tiger is aware where Mr. Auerbach sought a positive reference for his funds that Tiger declined to provide," Tiger's suit states. Auerbach did not work for Robertson's fund but was seeking capital to start his fund in 2004 when he met the billionaire.
Persons: Julian Robertson, Hound, Jonathan Auerbach, Tiger, Gabrielle Wesley, Auerbach, Robertson, Alex Robertson, it's, Julian Robertson's Organizations: Tiger Management, Partners, Hound Partners, Mars, America, Tiger, Tiger Cubs, Viking Locations: New York, Mars Wrigley
When he spoke to the media (for the last time as Jets GM) on Nov. 6, Douglas looked defeated. It included Johnson, Douglas, vice chairman Christopher Johnson, team president Hymie Elhai, and Ira Akselrad, an adviser to Johnson. From then on, many in the Jets organization described Douglas as a shell of himself. Multiple team sources believe this was a matter of Johnson’s preoccupation with social media factoring into the Jets’ decision-making. Ultimately, it’s difficult for any general manager to survive six years without sniffing the postseason.
Persons: Joe Douglas, blankly, Douglas, Woody Johnson, Johnson, Phil Savage, Christopher Johnson, Hymie Elhai, Ira Akselrad, Robert Saleh, Nathaniel Hackett, Jeff Ulbrich, Brant Boyer, Aaron Rodgers, Tyrod Taylor, Rodgers, benching Rodgers, Saleh, Douglas ’, Bryce, Rex Hogan, Hogan —, Douglas’s, Woody, , Chad Alexander, Johnson didn’t, “ They’re, “ Joe, Jerry Jeudy, Allen Lazard, Jeudy, Tyron Smith, Mike Williams, Smith, Smith —, Williams, Haason Reddick, Reddick, Johnson wasn’t, Ulbrich, Davante Adams, Tony Adams, didn’t, Adams, it’s, Johnson won’t, Zach Wilson, Gardner, Garrett Wilson, Jermaine Johnson, Breece, Quincy Williams, John Franklin, Myers, John Simpson, Douglas wasn’t, Trump, wouldn’t, Michael Silver, Kirby Lee Organizations: Jets, Acrisure, The Jets, Jets GM, Denver Broncos, Broncos, of Famer, Los Angeles Chargers, Athletic, Cleveland Browns, Dallas Cowboys, Pittsburgh Steelers, Pro, Eagles, Philadelphia Locations: Pittsburgh, Atlanta, Ulbrich, Reed, United Kingdom
Morgan Stanley reiterates Apple, Microsoft and Meta as overweight The firm says "mega-cap tech under-ownership narrows" in the third-quarter but that it's sticking with all three stocks. " UBS upgrades Comfort Systems to buy from neutral UBS says the HVAC company is a beneficiary in tech and data center cooling. UBS upgrades American Water Works to buy from neutral UBS says it sees "consistent" total returns for the water company. " Jefferies reiterates Netflix as buy The firm raised its price target on the stock to $1,000 per share from $800. TD Cowen names Datadog a best idea The firm says the stock is a top idea in 2025.
Persons: Stifel, it's, Morgan Stanley, Okta, , Jefferies, Uber, Needham, Joby, Piper Sandler downgrades Kraft Heinz, Piper, Kraft Heinz, Piper Sandler, Paul, Tyson, NFLX, TD Cowen, United, Datadog, Scott Thomson, it's bullish Organizations: Nvidia, Apple, Microsoft, Barclays, UBS, Comfort Systems, Works, Edison Electric, Kraft, Apollo, TAM, Netflix, Bank of America, Bank of, Scotiabank, JPMorgan Locations: Bank of Nova Scotia, robotaxis
A lone, knife-wielding assailant killed two men and critically wounded a woman during an hourslong stabbing spree Monday morning through the streets of New York City, authorities said. ET and then by 500 E. 30th St. at 10:27 a.m. — were taken to Bellevue Hospital before they were pronounced dead, officials said. An officer caught up with the alleged assailant after a taxi driver saw the woman attacked, officials said, believing he was witnessing a robbery, and called police. The first man killed, who was 36 years old, was attacked at a construction site where he was working, police said. The second victim was 68 years old and was fishing at the end of 30th Street when he was attacked, authorities said.
Persons: , Joseph Kenny, Eric Adans, , Robert ) Garvey, Mayor Adams, Garvey Organizations: Bellevue Hospital, United Nations Locations: New York City, Bellevue, East, , New York
The New York Giants are benching Daniel Jones in favor of Tommy DeVito, ESPN’s Adam Schefter reported Monday. Through 10 games this season, the former first-round pick has 2,070 passing yards with 10 total touchdowns and seven interceptions. In six years with the Giants, Jones has a 24-44-1 record with one postseason appearance in 2022 — his only winning season. The New Jersey native made six starts as a rookie in place of the injured Jones in 2023, totaling eight touchdowns and three interceptions while going 3-3. DeVito and the Giants will host the Tampa Bay Buccaneers on Sunday, with both teams coming off their bye week.
Persons: Daniel Jones, Tommy DeVito, ESPN’s Adam Schefter, Jones, DeVito, Drew Lock, Brian Daboll’s Organizations: New York Giants, Giants, The, Tampa Bay Buccaneers Locations: New York, The New Jersey
Police in Australia charged former radio show host Alan Jones with 24 assault and sexual touching offences on Monday, indictments that followed accusations in a newspaper that Jones had assaulted young men for decades. Police allege the offences took place between 2001 and 2019 against 8 victims, some of whom Jones knew professionally or personally. He denied the assault allegations made against him last year by the Sydney Morning Herald newspaper. Jones had hosted radio shows for decades and anchored the popular Sydney breakfast show on radio station 2GB for about 18 years until 2020. After leaving 2GB, he worked at a digital start-up, but had been off the air since the Sydney Morning Herald allegations were made.
Persons: Alan Jones, Jones, Michael Fitzgerald, Scott Morrison, Jacinda Organizations: Police, New South Wales police, Reuters, Sydney Morning Herald, . Police, New Zealand, Wallabies national rugby union Locations: Australia, Sydney, New South Wales, New, Britain, Ireland
Australia’s Senate on Monday censured an Indigenous woman parliamentarian over her protest against King Charles during his visit to the parliament last month when she accused the British monarch of genocide. Thorpe’s protest was disruptive and she did not respect the democratic institutions, the motion said. “I’ll do it again, and I’ll do it every time,” Thorpe shouted in parliament when Simon Birmingham, the opposition leader in the Senate, was making his comments on the motion. She was told to recite the affirmation — a form of parliamentary oath that omits a reference to God — as written. Their ancestors arrived on the continent some 50,000 years before British colonists yet were marginalized during colonial rule and are not mentioned in Australia’s 123-year-old constitution.
Persons: King Charles, Lidia Thorpe, Charles ’, , , ” Thorpe, Simon Birmingham, Thorpe, Queen Elizabeth II, Organizations: Independent, Labor, Senate Locations: Australia’s, British, Australia
Spirit Airlines said Monday it has filed for Chapter 11 bankruptcy protection after struggling with losses, growing debt and a failed merger during the post-pandemic travel lull. The deal comes with a commitment of $350 million in equity investment from bondholders, which it said equates to $795 million of outstanding debt. The company's share price fell from £3.22 to $1.15 last week after the Wall Street Journal reported it was preparing to file for bankruptcy protection, closing on $1.07 on Friday. Spirit said last month it would cut jobs and sell 23 older planes in a bid to save $80 million. Industry analysts said at the time that the court's decision left Spirit with few options but to face a likely restructure and bankruptcy.
Persons: , Ted Christie, Christie, Spirit Organizations: Spirit Airlines, Company, , Wall Street, U.S, JetBlue, Industry Locations: , Florida
Population density and topography obviously have a significant effect on construction costs. “There was also a lack of discussion over the chosen route, which could have followed existing highway corridors.”Rapidly rising construction costs have plagued major projects across the world in recent years. Signs placed on a fence by environmental activists protest against tree-felling operations for the HS2 rail link at Jones Hill Wood in Wendover, England, in April 2021. However, their efforts were in vain and only succeeded in significantly driving up construction costs. ‘Mutilated and pointless’Plans have been dropped for a proposed HS2 railway station at Meadowhall in Sheffield.
Persons: hoardings, Henry Nicholls, it’s, Christian Wolmar, , Ricardo Ferreras, , ” Ferreras, Wolmar, Chris Gorman, Wood, Mark Kerrison, Joe Giddens, Mike Kemp, Rishi Sunak, Anna Gowthorpe Organizations: CNN, Speed, Britain, WHOOSH, Station, London Times, ” Railway, CNN Travel, , Chiltern, New Economics Foundation, London Euston, Birmingham Airport, Crewe, Conservative, Labour, Birmingham, Sunak, Leeds, High Speed Rail, Hitachi, Alstom, Siemens, Euston, Treasury, Audit Office Locations: United States, Bordeaux, France, China, Japan, London, English, Birmingham, Jakarta, Bandung, London's, AFP, Britain, Ukraine, Europe, Spain, Great, England, Jones, Wendover, Buckinghamshire, Colne, Cross , Hertfordshire, Manchester, Leeds, Scotland, Wales, Euston, Crewe, Meadowhall, Sheffield, Midlands, Nottingham, Liverpool
Multiple weather fronts will push rain and snow into the Midwest, the Southeast, the mid-Atlantic and the Northeast ahead of Thanksgiving week and some of the year's busiest travel days. Rain, snow expected this weekStarting in the Pacific Northwest, a "long duration atmospheric river" was expected to bring 5 inches of rain and at least 3 inches of snow to Oregon and Northern California beginning as early as Monday, federal forecasters and academic researchers said. The rest of the country is likely to get normal precipitation or below-normal rain during that time, the prediction center said. American Airlines said in a statement Thursday that it expects to set a record for passengers served during the holiday span, with nearly 8.3 million expected. It may be too early to tell whether brewing rain and snow systems will thwart travel and spending plans.
Persons: , Snow Organizations: National Weather Service, NBC, Western, Center, . Federal, Prediction, San, American Airlines, American, National Retail Foundation Locations: Texas, Oklahoma, West Texas, Abilene, Wichita Falls, Midland, Dallas, Fort Worth, Pacific Northwest, Oregon, Northern California, San Diego, Colorado , Kansas , Nebraska, South Dakota, Wyoming, Northwest, Ohio, East Coast, Great, New England, New York , New Jersey, Pennsylvania, U.S, California, Pacific Northwest , Montana , North Dakota, South Dakota , Nebraska , Iowa, Minnesota, Wisconsin, Michigan, San Francisco Bay
AdvertisementSam Altman has been tapped to cochair the transition team for San Francisco's mayor-elect. The OpenAI cofounder and CEO is cochairing the transition team for San Francisco mayor-elect Daniel Lurie, Lurie announced Monday. According to San Francisco's campaign finance database, Altman donated $500 to current San Francisco mayor London Breed in 2018. We need to get him to embrace San Francisco." BI could not find any contributions from Altman to San Francisco mayoral candidates during this election.
Persons: Sam Altman, Daniel Lurie, Altman, Lurie, Ned Segal, OpenAI, San, Levi Strauss, Jan Koum, Jonathan Gans, Oleg Nodelman, " Altman Organizations: San Francisco's, San Francisco, Business, London Breed, Breed, Los Angeles Times Locations: Bay, San Francisco
AdvertisementA federal judge ruled in August that Google violated antitrust law to keep a monopoly on search. DOJ officials reportedly plan to ask a judge to force Google to sell Chrome. Officials from the DOJ are reportedly planning to ask a judge to force Google to sell its Chrome browser. Business Insider previously reported Google's total search revenue was $279.8 billion in 2022. Representatives for the Department of Justice did not immediately respond to a request for comment from Business Insider.
Persons: Amit Mehta, Lee, Anne Mulholland, Peter Cohan Organizations: Google, Justice, DOJ, Chrome, Bloomberg, Prosecutors, Department of Justice, Business, Google Services, Babson College
But price rises in Russia are eye-watering by comparison – and just one symptom of an economy that is overheating. “Prices are rising because of the war,” Alexandra Prokopenko at the Carnegie Russia Eurasia Center in Berlin told CNN. The military budget will rise by nearly a quarter in 2025, amounting to one-third of all state spending and 6.3 per cent of gross domestic product. Analysts don’t see the Russian economy as tumbling over a precipice but instead as a slowly gathering crisis. Russia has traditionally turned to central Asia for unskilled labor, and Putin recently suggested more foreign workers are needed.
Persons: ” Alexandra Prokopenko, Vladimir Putin, Putin, , Anton Vaganov, ” Prokopenko, Natalia Kolesnikova, Vladislav Inozemtsev, Prokopenko Organizations: CNN, Carnegie Russia Eurasia Center, , Reuters, Russia’s Alfa Bank, Alfa, Monetary Fund, Russia’s State Statistics Service, Getty, Central, United Nations, UK Defense Ministry, Atlantic Council Locations: Russia, Ukraine, Berlin, Saint Petersburg, United States, Asia, Turkey, Russian, India, China, AFP, Moscow, Central Asia, East, South Korea, Dubai
House Speaker Mike Johnson said Congress would need to figure out the math to make the plan work. Related Video The biggest revelations from Trump's tax returns"You have got to do the math. During his presidential campaign, Trump pledged a range of tax cuts. They include an extension of tax cuts from the Tax Cuts and Jobs Act of 2017 — also known as the "Trump tax cut" — as well as eliminating taxes on overtime pay, Social Security checks, and tips. Other than tax cuts, Trump has pledged to implement across-the-board 60% tariffs on all Chinese goods and other tariffs on overseas goods.
Persons: Donald Trump, Mike Johnson, Johnson, Trump, , Nouriel Roubini Organizations: Social Security, Trump Locations: CNN's, Arizona
GUANGZHOU, CHINA - NOVEMBER 15, 2024 - Visitors view a Xiaomi SU7 Ultra new energy vehicle at 2024 Guangzhou Auto Show in Guangzhou, South China's Guangdong province, Nov 15, 2024. Revenue came in at 92.5 billion yuan ($12.77 billion) for the quarter ended Sept. 30, beating an LSEG consensus estimate from 15 analysts of 91.1 billion yuan. The unit reported an adjusted loss of 1.5 billion yuan for the quarter, with a gross profit margin of 17.1%. During the quarter, Xiaomi maintained its position as the world's third-largest smartphone maker with shipments of 42.8 million units, up 3% and capturing 14% of the market, according to research firm Canalys. Xiaomi reported adjusted net profit climbed 4.4% to 6.25 billion yuan, versus a consensus estimate of 5.92 billion yuan.
Persons: Xiaomi Corp, Xiaomi Organizations: Show, Publishing, Getty Images, Xiaomi, Porsche, China EV, Revenue, Huatai Securities Locations: GUANGZHOU, CHINA, Guangzhou, South China's Guangdong, China
Traders work on the floor of the New York Stock Exchange during the morning trading on November 07, 2024 in New York City. Stock futures are little changed Monday night as investors await key earnings from retailers and chipmaker Nvidia this week. S&P futures shed about 0.05%, while Nasdaq 100 futures traded marginally lower. About 93% of S&P 500 companies have reported quarterly results so far, with three-quarters exceeding expectations and more than 60% beating revenue estimates, according to FactSet. The tech-heavy Nasdaq Composite gained 0.6%, snapping a four-day losing streak, while the S&P 500 added about 0.4%.
Persons: Stocks, Andrew Slimmon, Morgan Stanley Organizations: New York Stock Exchange, Stock, Nvidia, Dow Jones Industrial, Nasdaq, Trump Media & Technology Group, Walmart, Blackwell, Dow Jones, Morgan Stanley Investment Locations: New York City
Andrew Harnik | Getty ImagesPresident-elect Donald Trump's return to the White House is poised to have big impacts on consumer health care. CMS, in turn, administers the Affordable Care Act marketplace and the Children's Health Insurance Program (CHIP), among other endeavors. A spokesperson for Trump's transition team did not respond to a request from CNBC for comment about the President-elect's health policy plans. Still, it's a 'big' gamble to forgo health insurance Around 3.8 million people will lose their health insurance if the subsidies expire, the Congressional Budget Office estimates. Short-term health insurance plans offer coverage for limited amounts of time, and typically on fewer medical services than comprehensive coverage.
Persons: Donald Trump, Andrew Harnik, Donald Trump's, Michael Sparer, Sparer, Trump, Robert F, Kennedy Jr, Kennedy, who's, Mario Tama, Cynthia Cox, I'd, Cox, Sabrina Corlette, Georgetown University's, Corlette, Carolyn McClanahan, Larry Levitt, Levitt, enrollee, they're, Yasin Ozturk, Biden, It's, Organizations: Base Andrews, Getty, Affordable, Trump, Republican, Columbia University, of Health Policy, Management, of Health, Human Services, Medicare, Services, CMS, Children's Health Insurance, Washington Post, The Washington Post, CNBC, Providence St, Mary Medical Center, Finance, American, ACA, Cox, Congressional, Office, Republicans, Center, Health, Georgetown, Georgetown University's McCourt School of Public, Planning Partners, Medicaid, Social Security, Maskot, of Columbia, U.S, Capitol, Washington , D.C, Anadolu Agency, GOP, Corlette, pharma, Centers Locations: Base Andrews , Maryland, U.S, Duluth, Apple Valley , California, Jacksonville , Florida, Washington ,
The Chargers surely needed some luck, including the Bengals’ two missed field goals in the fourth quarter. Burrow also missed an open Chase on a deep ball down the right sideline that could have been a go-ahead touchdown. — Daniel Popper, Chargers beat writerSunday’s win shows Chargers’ improvementsThere will be plenty to clean up moving forward. AdvertisementThe Bengals extended McPherson, who earned the name Money Mac, before the season but he has been leaky this year. The Bengals only allowed three points and forced a turnover to let Burrow bring the team nearly all the way back.
Persons: Daniel Popper, Paul Dehner Jr, Zach Powell, J.K . Dobbins, Justin Herbert, mightily, Evan McPherson, Burrow, Ja’Marr Chase, Tee Higgins, Jim Harbaugh, — Daniel Popper, Sunday’s, Dobbins, Herbert, — Popper, Cincy, Terry, McPherson, Mac, He’s, Taylor didn’t, — Paul Dehner, Cam Taylor, Britt, Zac Taylor, Lou Anarumo, Ronald Martinez Organizations: J.K, Los Angeles Chargers, Cincinnati Bengals, SoFi, Sunday, Dobbins, Bengals, Cincinnati, Chargers, Baltimore, Washington Locations: Los Angeles, Kansas City, Baltimore, Cincinnati
AdvertisementTesla is offering three months of free Supercharging and FSD to customers taking deliveries of a new vehicle in 2024. The incentives come as Tesla strives to meet its target of delivering a record number of cars this year. The "new inventory vehicles" Tesla references in the promotion refer to Teslas that are already built and ready to be delivered. So if you kit out a Tesla model that isn't built in time for you to take delivery this year, you're out of luck. The threat of rising EV prices could push some would-be EV buyers to pull the trigger on a new Tesla before Trump takes office.
Persons: Tesla, Elon Musk, Wells, Trump, Musk Organizations: Trump Locations: North America
Tesla shares jumped on Monday following a report that President-elect Donald Trump's transition team are planning to make a federal framework to regulate self-driving vehicles a top priority for the U.S. Transport Department. ET, Tesla stock was up 7.98% in U.S. premarket trading after the release of the Bloomberg News report, which cited unnamed sources familiar with the matter. CNBC could not independently verify the report and has requested comment from the Trump team and from the National Highway Traffic Safety Administration, a Transportation Department unit tasked to oversee self-driving technologies. Full Self-Driving, or FSD, is Tesla's premium driver assistance system, currently available in a "supervised" version for Tesla electric vehicles. Trump's transition team is reportedly looking for policy leaders for the Transportation Department to develop a federal regulatory framework for self-driving vehicles, according to Bloomberg.
Persons: Elon Musk, Donald Trump, Tesla, Donald Trump's, Musk, Vivek Ramaswamy, Google's, Emil Michael, Sam Graves of, Garret Graves Organizations: Republican, U.S . Transport Department, Bloomberg, CNBC, Trump, National, Traffic Safety Administration, Transportation Department, White, Government, FSD, Uber Locations: Butler , Pennsylvania, U.S, Texas, California, Sam Graves of Missouri, Garret Graves of Louisiana
CNN —A mummified ice age cub from Siberia is the first known mummy of a sabre-toothed cat, and its discovery is generating ripples of excitement among paleontologists. A, B and C reveal views of the mummified Homotherium latidens specimen: A is a thumb claw; B a second digit claw; and С a plantar view. However, the mummy also showed that sabre-toothed cubs differed dramatically from modern lion cubs of a similar age, Lopatin said. Its coat was darker, and its ears were smaller than those of lion cubs; it had longer forelimbs, a larger mouth opening and a more massive neck. Its paw is also more circular than that of a lion cub; in fact, its shape more closely resembles the paw of a bear, Tseng added.
Persons: Alexey V, , ” Lopatin, Lopatin, leo, Jack Tseng, , Tseng, it’s, ” Tseng, ” Mindy Weisberger, С . Organizations: CNN, Russian Academy of Sciences, University of California, Scientific Locations: Siberia, Moscow, Asia, Netherlands, Canadian Yukon, Yakutia, Russia, Yakutia’s, Berkeley
AdvertisementI moved from the US to Canada for my husband's job and family. If we had stayed in the US, we could have never afforded the surrogacy for our second child. Much like my first date with my now husband, I immediately connected with our potential surrogate upon our first meeting. I met her husband and their three amazing kids, and by the following day, we were discussing the next steps. But living in Canada gave me the chance to grow our family, something we could've never afforded had we stayed in the US.
Persons: Little, Jane Magazine ., I'd, Sarah DiMuro, We've Organizations: Jane Magazine, Netflix Locations: Canada, New York City, Toronto, Quebec
Advertisement"Dune: Prophecy" is a prequel series set in the same universe as the "Dune" movies. On the heels of "The Penguin" season finale, "Dune: Prophecy" is the next big-budget, IP-driven HBO drama the network is banking on. "Dune: Prophecy" focuses on the rise of the Bene Gesserit, a sect of women that secretly seek to control the fate of the Imperium. Given the show's place in the "Dune" timeline, viewers won't see familiar faces like Paul Atreides (Chalamet) or Chani (Zendaya). Here's what to know about all the major "Dune: Prophecy" characters, and details to keep in mind while you're watching the show.
Persons: Valya Harkonnen, Desmond Hart, Princess Ynez, Denis Villeneuve's, Timothée Chalamet, Paul Atreides Organizations: HBO
Pure-play electric vehicle stocks like Rivian and Lucid are flat and down more than 3%, respectively, since Trump's victory. So why is Tesla soaring even as a second Trump administration is expected to fundamentally disrupt the U.S. electric vehicle market? And increased tariffs could make inputs for electric vehicles more expensive. These headwinds ignore the fact that Trump's new best friend is Tesla CEO Elon Musk, Bernstein analyst Toni Sacconaghi told clients in a Monday note. But Tesla's fundamentals are largely steady postelection, while Musk's relationship with Trump underlines how Tesla largely controls the self-driving vehicle narrative, the analyst said.
Persons: Tesla, Donald Trump, Trump, Elon Musk, Bernstein, Toni Sacconaghi, Musk, Vivek Ramaswamy, Sacconaghi, Dan Levy, Levy Organizations: U.S, Ford, General Motors, Trump, GOP, UBS, Bloomberg News, Traffic, Administration, Barclays, Tesla Locations: Friday's
It also touches on a key event in the "Dune" universe: the Butlerian Jihad. "Dune: Prophecy" is HBO's prequel TV series to the critically acclaimed "Dune" movies directed by Denis Villeneuve. "Dune: Prophecy" is Warner Bros.' latest move to expand the "Dune" franchise, which has already grossed over $1 billion at the global box office. Advertisement'Dune: Prophecy' takes place 10,000 years before the birth of Paul AtreidesTimothee Chalamet in "Dune: Part 2." The show also notes that it takes place "116 years after the end of the great machine wars."
Persons: Denis Villeneuve's, Denis Villeneuve, it's, Paul Atreides, Valya, Emily Watson, Tula Harkonnen, Olivia Williams, Paul Atreides Timothee, Frank Herbert's, Brian Herbert, Kevin J, Anderson, Omnius Organizations: Warner Bros, Warner Bros ., HBO, Max Locations: Tula, Corrin
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